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Originally posted by TCR
This will make for an expensive winter unless I'm mistaken. Correct me if I'm wrong, but demand will significantly increase in the coming months, due to heating requirements. Prices will climb even more due to this added consumption. All other things remaining equal that is... Am I correct in this assumption?
Originally posted by TCR
This will make for an expensive winter unless I'm mistaken. Correct me if I'm wrong, but demand will significantly increase in the coming months, due to heating requirements. Prices will climb even more due to this added consumption. All other things remaining equal that is... Am I correct in this assumption?
Qantas flags fuel surcharge
The runaway oil price is again taking its toll on airlines, with airfares set to increase as the carriers address their escalating fuel bills.
Qantas Airways Ltd says it will raise the fuel surcharge on ticket prices for the second time since the levy was introduced five months ago.
"There has already been talk of some sort of profit warning from the airline stocks on the back of the oil price and it looks like we are seeing the smoke," said Marcus Padley, of the Marcus Today financial newsletter.
Fuel surcharges are fast becoming a significant part of the average fare, Mr Padley said.
Reuters
U.S. light, sweet crude (CLc1: Quote, Profile, Research) leaped $1.11 a barrel to $54.75 a barrel, up more than 65 percent so far this year and a rapid rebound from a brief bout of profit-taking by big-money funds earlier this week.
London Brent crude for November (LCOc1: Quote, Profile, Research) rose 85 cents to $50.90 a barrel.
World prices have surged on fears that the United States is running out of time to build winter fuel supplies, due in part to the impact of Hurricane Ivan, which damaged oil operations in the Gulf of Mexico last month.